New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 66% per year over the past 5 years. Revenue is less than US$1m (zł3.1m revenue, or US$858k). Market cap is less than US$10m (€2.34m market cap, or US$2.74m). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Annuncio • Nov 13
Carbon Studio S.A. to Report Q3, 2025 Results on Nov 14, 2025 Carbon Studio S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł432.0k (down 32% from 2Q 2024). Net loss: zł1.01m (loss widened 37% from 2Q 2024). New Risk • Jul 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (€3.01m market cap, or US$3.53m). Minor Risk Revenue is less than US$5m (zł3.7m revenue, or US$1.0m). New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m (zł3.7m revenue, or US$982k). Market cap is less than US$10m (€2.84m market cap, or US$3.25m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł679.6k (down 10% from 1Q 2024). Net loss: zł770.7k (loss widened 22% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 20
Full year 2024 earnings released Full year 2024 results: Revenue: zł3.85m (down 32% from FY 2023). Net loss: zł2.20m (down zł2.54m from profit in FY 2023). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m (zł3.4m revenue, or US$812k). Market cap is less than US$10m (€3.02m market cap, or US$3.11m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł634.4k (down 66% from 2Q 2023). Net loss: zł737.1k (down 319% from profit in 2Q 2023). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to €1.29, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 15x in the Entertainment industry in Europe. Total loss to shareholders of 88% over the past three years. New Risk • Jul 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 4.5% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Market cap is less than US$10m (€4.16m market cap, or US$4.52m). Minor Risks Profit margins are more than 30% lower than last year (5.9% net profit margin). Shareholders have been diluted in the past year (30% increase in shares outstanding). Revenue is less than US$5m (zł5.6m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.00, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 17x in the Entertainment industry in Europe. Total loss to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €2.28, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 80% over the past three years. Annuncio • Jun 05
Carbon Studio S.A., Annual General Meeting, Jun 27, 2024 Carbon Studio S.A., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.32, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 14x in the Entertainment industry in Germany. Total returns to shareholders of 20% over the past year. New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.4% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Market cap is less than US$10m (€5.92m market cap, or US$6.44m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Revenue is less than US$5m (zł5.6m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.96, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 18x in the Entertainment industry in Germany. Total loss to shareholders of 5.1% over the past year. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: zł0.37 (vs zł0.43 in FY 2022) Full year 2023 results: EPS: zł0.37 (down from zł0.43 in FY 2022). Revenue: zł5.63m (up 21% from FY 2022). Net income: zł557.6k (down 11% from FY 2022). Profit margin: 9.9% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł688.6k (down 33% from 3Q 2022). Net loss: zł98.6k (loss widened 198% from 3Q 2022). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.68, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 24x in the Entertainment industry in Germany. Total returns to shareholders of 116% over the past year. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.36, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 17x in the Entertainment industry in Germany. Total returns to shareholders of 113% over the past year. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.10, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Entertainment industry in Germany. Total returns to shareholders of 116% over the past year. Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł1.88m (up 13% from 2Q 2022). Net income: zł336.9k (down 31% from 2Q 2022). Profit margin: 18% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 07
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (66% accrual ratio). Market cap is less than US$10m (€8.44m market cap, or US$9.29m). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Revenue is less than US$5m (zł5.8m revenue, or US$1.4m). New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (66% accrual ratio). Market cap is less than US$10m (€7.63m market cap, or US$8.30m). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Revenue is less than US$5m (zł5.8m revenue, or US$1.4m). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.24, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 19x in the Entertainment industry in Germany. Total returns to shareholders of 38% over the past year. Annuncio • Jun 13
Carbon Studio S.A., Annual General Meeting, Jun 30, 2023 Carbon Studio S.A., Annual General Meeting, Jun 30, 2023, at 12:30 Central European Standard Time. Annuncio • Jun 03
Carbon Studio S.A. to Report Fiscal Year 2022 Results on Jul 31, 2023 Carbon Studio S.A. announced that they will report fiscal year 2022 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.80, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 36x in the Entertainment industry in Germany. Total loss to shareholders of 42% over the past year. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: zł0.20 (vs zł0.47 in FY 2021) Full year 2022 results: EPS: zł0.20 (down from zł0.47 in FY 2021). Revenue: zł4.66m (up 13% from FY 2021). Net income: zł297.4k (down 57% from FY 2021). Profit margin: 6.4% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł1.66m (down 1.3% from 2Q 2021). Net income: zł490.5k (down 30% from 2Q 2021). Profit margin: 30% (down from 42% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 36% share price decline to €2.49, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 15x in the Entertainment industry in Germany. Total loss to shareholders of 80% over the past year. Annuncio • Jun 07
Carbon Studio S.A., Annual General Meeting, Jun 30, 2022 Carbon Studio S.A., Annual General Meeting, Jun 30, 2022, at 12:00 Central European Standard Time. Reported Earnings • May 21
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł794.8k (down 10% from 1Q 2021). Net loss: zł153.4k (down 137% from profit in 1Q 2021). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.01, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 29x in the Entertainment industry in Germany. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.55 (down from zł1.25 in FY 2020). Revenue: zł4.29m (up 60% from FY 2020). Net income: zł802.8k (down 56% from FY 2020). Profit margin: 19% (down from 69% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.96, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 41x in the Entertainment industry in Germany. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to €6.12, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 44x in the Entertainment industry in Germany. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 19% share price gain to €8.30, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 45x in the Entertainment industry in Germany. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorated over the past week After last week's 23% share price decline to €7.67, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 29x in the Entertainment industry in Germany. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł1.68m (up 105% from 2Q 2020). Net income: zł700.4k (up 154% from 2Q 2020). Profit margin: 42% (up from 34% in 2Q 2020). The increase in margin was driven by higher revenue.